Philéole: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Philéole
Largest movements
- Receivables within one year -€358,945
down €358,945 (-88.6%), from €405,156 to €46,211
of which Trade receivables: -€359,607
- Stocks and contracts +€170,000
new in 2025: €170,000
- Cash +€106,007
up €106,007 (+358.0%), from €29,610 to €135,617
mainly Contributions, distributions and other (+€513,800) and Receivables within one year (+€358,945)
- Intangible fixed assets +€92,084
up €92,084 (+18.0%), from €512,382 to €604,467
- Profit (loss) carried forward -€541,489
down €541,489 (-42.5%), from -€1.3m to -€1.8m
- Contributions +€513,800
up €513,800 (+39.3%), from €1.3m to €1.8m
of which Outside capital: +€367,000
- Accrued charges and deferred income -€162,000
down €162,000 (-50.0%), from €324,000 to €162,000
- Debts after one year +€149,246
up €149,246 (+27.1%), from €550,924 to €700,170
- Trade debts +€28,027
up €28,027 (+23.8%), from €117,673 to €145,701
- Gross operating margin +€148,701
up €148,701 (+46.9%), from -€317,180 to -€168,479
- Depreciation +€92,951
up €92,951 (+78.0%), from €119,109 to €212,060
- Staff costs +€59,171
up €59,171 (+70.3%), from €84,158 to €143,329
- Financial charges -€3,374
down €3,374 (-16.2%), from €20,767 to €17,393
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,032,891 | €1,039,988 | +€7,097 | +0.7% |
| Fixed assets | 21/28 | €594,317 | €681,078 | +€86,761 | +14.6% |
| Intangible fixed assets | 21 | €512,382 | €604,467 | +€92,084 | +18.0% |
| Tangible fixed assets | 22/27 | €66,935 | €61,611 | -€5,324 | -8.0% |
| Plant, machinery and equipment | 23 | €63,352 | €48,670 | -€14,682 | -23.2% |
| Furniture and vehicles | 24 | €3,583 | €12,941 | +€9,359 | +261.2% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €438,574 | €358,910 | -€79,663 | -18.2% |
| Stocks and contracts in progress | 3 | - | €170,000 | +€170,000 | |
| Stocks | 30/36 | - | €170,000 | +€170,000 | |
| Amounts receivable within one year | 40/41 | €405,156 | €46,211 | -€358,945 | -88.6% |
| Trade receivables | 40 | €364,537 | €4,930 | -€359,607 | -98.6% |
| Other amounts receivable | 41 | €40,619 | €41,281 | +€662 | +1.6% |
| Cash at bank and in hand | 54/58 | €29,610 | €135,617 | +€106,007 | +358.0% |
| Deferred charges and accrued income | 490/1 | €3,808 | €7,082 | +€3,275 | +86.0% |
| Total equity and liabilities | 10/49 | €1,032,891 | €1,039,988 | +€7,097 | +0.7% |
| Equity | 10/15 | €31,913 | €4,224 | -€27,689 | -86.8% |
| Contributions | 10/11 | €1,307,186 | €1,820,986 | +€513,800 | +39.3% |
| Capital | 10 | €1,282,176 | €1,428,976 | +€146,800 | +11.4% |
| Issued capital | 100 | €1,282,176 | €1,428,976 | +€146,800 | +11.4% |
| Outside capital | 11 | €25,010 | €392,010 | +€367,000 | +1467.4% |
| Share premium | 1100/10 | €25,010 | €392,010 | +€367,000 | +1467.4% |
| Profit (loss) carried forward | 14 | -€1,275,273 | -€1,816,763 | -€541,489 | -42.5% |
| Amounts payable | 17/49 | €1,000,978 | €1,035,765 | +€34,787 | +3.5% |
| Amounts payable after more than one year | 17 | €550,924 | €700,170 | +€149,246 | +27.1% |
| Financial debts | 170/4 | €550,924 | €700,170 | +€149,246 | +27.1% |
| Amounts payable within one year | 42/48 | €126,054 | €173,595 | +€47,540 | +37.7% |
| Financial debts | 43 | - | €120 | +€120 | |
| Credit institutions | 430/8 | - | €120 | +€120 | |
| Trade debts | 44 | €117,673 | €145,701 | +€28,027 | +23.8% |
| Suppliers | 440/4 | €117,673 | €145,701 | +€28,027 | +23.8% |
| Taxes, remuneration and social security | 45 | €8,381 | €26,748 | +€18,367 | +219.1% |
| Taxes | 450/3 | - | €3,237 | +€3,237 | |
| Remuneration and social security | 454/9 | €8,381 | €23,511 | +€15,130 | +180.5% |
| Other amounts payable | 47/48 | - | €1,026 | +€1,026 | |
| Accrued charges and deferred income | 492/3 | €324,000 | €162,000 | -€162,000 | -50.0% |
| Remuneration, social security and pensions | 62 | €84,158 | €143,329 | +€59,171 | +70.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,109 | €212,060 | +€92,951 | +78.0% |
| Other operating charges | 640/8 | €2,837 | €374 | -€2,463 | -86.8% |
| Gross operating margin | 9900 | -€317,180 | -€168,479 | +€148,701 | +46.9% |
| Operating profit (loss) | 9901 | -€523,284 | -€524,242 | -€958 | -0.2% |
| Financial income | 75/76B | €2,007 | €214 | -€1,793 | -89.4% |
| Recurring financial income | 75 | €2,007 | €214 | -€1,793 | -89.4% |
| Financial charges | 65/66B | €20,767 | €17,393 | -€3,374 | -16.2% |
| Recurring financial charges | 65 | €20,767 | €17,393 | -€3,374 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | -€542,045 | -€541,421 | +€624 | +0.1% |
| Income taxes | 67/77 | - | €68 | +€68 | |
| Profit (loss) for the period | 9904 | -€542,045 | -€541,489 | +€556 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€542,045 | -€541,489 | +€556 | +0.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.